2025-04-03Ravi Mehta
Nike ($NKE) shares plunged over 14% in a single day, hitting their lowest price since 2017 after the U.S. imposed a 46% tariff on footwear imports from Vietnam—a major manufacturing hub for the company. With over 530,000 employees in Vietnam, Nike now faces skyrocketing production costs, supply chain disruptions, and potential profit margin erosion.
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2025-03-21Niranjan Ghatule
Nike's Q3 FY25 earnings report is out, and it's a disaster! With revenue down 9%, direct sales crashing 12%, and China sales plunging 17%, the stock has plummeted to 2015 levels. Gross margins are shrinking, and even increased marketing spend isn't helping. Investors are fleeing as Nike struggles with weak demand and poor execution.
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